20 July 2018

Privatization of IBA will be announced

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Privatization of the International Bank of Azerbaijan (IBA) will be announced in 2017, the Chairman of the Board of Directors of the Financial Markets Supervision Chamber of Azerbaijan, Rufat Aslanli, said at a banking conference in Baku.

"The main goal is to diversify, reduce the size of the bank’s assets in the first half of 2017. About 40% of Azerbaijani banking sector's assets account for the share of the IBA, and it is a threat to the banking system. Therefore, it’s necessary to bring the assets size of the IBA to a level that will not threaten the banking system," Trend cited him as saying.

He noted that both local and foreign investors will be able to take part in the privatization process of the IBA.

2016.11.24 / 15:48
See also

Azerbaijani gas will take its place in EU space soon

Europe may be about to ignore US on Iran in practice

Oil prices go down

$250 billion invested in Azerbaijan during past 15 years

World's leading crypto currencies soar

Azerbaijani oil prices declines

Azerbaijan to switch to floating manat rate regime in 2020

Gazprom CEO joins trilateral gas transit talks

Azerbaijani oil price declines by 4 %

Oil prices rise from three-month low as more Norwegian

Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla